Oct 14 Reuters Adobe on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative artificial intelligence. The Firefly Video Model, as the technology is called, will compete with OpenAI39;s Sora, which was introduced earlier this […]

BERLIN, Oct 14 Reuters German union IG Metall has accused management at US carmaker Tesla39;s plant near Berlin of aggressive tactics against workers trying to unionise after it fired one of its representatives on the works council. Tesla management dismissed a worker affiliated with IG Metall without notice at the gigafactory plant in Gruenheide, the union […]

Oct 15 Reuters Chinese banks are set to cut rates on 300 trillion yuan 42.20 trillion of deposits as soon as this week, Bloomberg News reported on Tuesday, citing people familiar with the matter. Major banks including Industrial Commercial Bank of China and China Construction Bank Corp will be guided by the central bank39;s interest rate […]

AMSTERDAM, Oct 15 Reuters The Dutch government intends to reduce its stake in lender ABN Amro to approximately 30 through a trading plan, it said in a statement on Tuesday. The Dutch state currently holds 40.5 of ABN Amro39;s shares. ABN Amro, one of three dominant banks in the Netherlands, was nationalized during the 2008 financial […]

Oct 15 Reuters The second round of collective bargaining negotiations between Volkswagen and the IG Metall union will take place on October 30 in Wolfsburg, where the company is headquartered, the two sides said on Tuesday. The previous round of wage talks at Europe39;s biggest carmaker, which has flagged possible plant closures in Germany, ended without agreement and […]